2002 Minnesota Statutes

     80A.01 Sales and purchases.  

    It is unlawful for any person, in connection with the 
 offer, sale or purchase of any security, directly or indirectly: 

    (a) to employ any device, scheme, or artifice to defraud; 

    (b) to make any untrue statement of a material fact or to 
 omit to state material facts necessary in order to make the 
 statements made, in the light of the circumstances under which 
 they are made, not misleading; or 

    (c) to engage in any act, practice, or course of business 
 which operates or would operate as a fraud or deceit upon any 
 person.  

    HIST: 1973 c 451 s 1